Accenture plc (NYSE:ACN) Shares Acquired by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA raised its position in shares of Accenture plc (NYSE:ACN) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,429 shares of the information technology services provider’s stock after purchasing an additional 3,883 shares during the period. Accenture accounts for approximately 1.5% of Baldwin Wealth Partners LLC MA’s holdings, making the stock its 18th biggest position. Baldwin Wealth Partners LLC MA’s holdings in Accenture were worth $22,314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACN. Morse Asset Management Inc bought a new stake in shares of Accenture in the 3rd quarter worth approximately $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Accenture in the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of Accenture in the 4th quarter worth approximately $34,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 85 shares in the last quarter. Finally, Berbice Capital Management LLC bought a new stake in shares of Accenture in the 4th quarter worth approximately $35,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Up 1.3 %

Shares of NYSE:ACN opened at $367.28 on Monday. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The company has a 50 day moving average of $357.37 and a 200-day moving average of $348.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $229.84 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 3.20 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter in the previous year, the company earned $3.27 EPS. Accenture’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts forecast that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Insider Buying and Selling

In related news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the transaction, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now directly owns 9,247 shares in the company, valued at $3,278,431.38. The trade was a 13.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,196 shares of company stock valued at $3,226,918 in the last 90 days. 0.02% of the stock is owned by insiders.

Analysts Set New Price Targets

ACN has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. TD Cowen upgraded shares of Accenture from a “hold” rating to a “buy” rating and boosted their price target for the company from $321.00 to $400.00 in a report on Monday, September 30th. Barclays boosted their price target on shares of Accenture from $350.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, September 30th. JPMorgan Chase & Co. boosted their price objective on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $383.74.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.